The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-03-27
CONDITION OF THE MARKETS,
Increased Buying by Wheat "Bulls" Re-
suits in a Slight Advance in Prices.
Corn and Oats Rule Quiet and Steady, With
cut Developing Any Interesting Features
No Change in Pork. but Lard Is Firmer.
MONEY, BONDS AND STOCKS.

A Favorable Bank Statement Causes q Sud-
den Change in Wall Street.
NEW YORK. March 26.-Money on call easy
1906 per cent, the last loan being made at a. and
losed at gig.
Prime mercantile paper, SOC per cent
Sterling exchange was dull and unchanged
The total sales of stocks to-day were 261, 316
shares, including the following: Canada Southern
$685.; Delaware Lackawanna s. Western, ID. 800;
Erie, IL, O2O; Lake Shore 10, 628; Louisville MASH
Vile. l3 ,Os5; Northwestern. "a 800; Ohio Misss-
sippi G. 1Oo Reading. %, 355; st. Paul, IL, 100;
Western Union, 3O,4l6.
The general impression created during the past two
days that the bank statement would be particularly
unfavorable had the effect Of lettering would-be
purchasers yesterday and this morning and though
the usual firm undertone existed, the market lacked
character until after the issue of the bank statement
The statement however, agreeable surprise to
the street and the fact that the banks had succeeded
in contracting their loans without increasing the
rates for money, and had met the call for funds from
the West without materially diminishing the surplus
created immediate revusion of feeling
and the leaders and the traders Immediately
began to buy. The absence of any material bear"
interest made the advance in quotations easy mat
ter and all the favortes moved largely increased
business. About threequarters of the total business
for the day was transacted after IL o'clock. North
western, Western Union. Louisville q Nashville, Can
ada Southern and Michigan Central specially
strong, and. among the inactive stocks, Milwaukee:
Lake Shore Western preferred and Ohio d
Mississippi most prominent for adj
vances. San Francisco preferred. which began
10y drop of l per cent
,lIterward fully recovered the loss with something in
addition. The opening was fairly steady showing in
significant changes only from last evenings final
igures and in the waiting disposition among traders,
transactions were dull and prices somewhat irregular
with positive movement in either direction. To-
ward the dizziness increased the only feature
being the drop in San Francisco preferred After that
time, however. the entire market sprang into
activity All the leading shares, among which
were Western Union and Louisville e. Nash
vile. conspicuous, because decidedly strong
There halt in the movement towards P. NJ.
ind a slight reaction, but the upward movement
again renewed in the last hour. and the close was
moderately active and firm to strong at the best prices
of the day. Sales. 261 .636 shares.
Railroad bonds less active. Colorado coal
skies which, after selling up per cent. to 1O3,
finally closed with net gain Of 81 at 1O1a4 Allan
tic Pacific fours contributed 1925 600 to the total
days business of 81. 2S6. 900. Prices show very
little movement. and final changes about equally
divided be. game and losses
Government bonds dull and firm.
State bonds were dull and steady. Closing quota
tions